Viewing a single comment thread. View all comments

Werewolfdad t1_iyb43su wrote

Reply to comment by aholeinthewor1d in Quick question about Apple Card refund by aholeinthewor1d

Yes

Or just spend it down

1

aholeinthewor1d OP t1_iyb83sv wrote

Thanks I did some more research and have a decent idea of how it works now.

One question. What is the downside to just making the minimum payment which is $25 with $4.54 interest? I mean I lose $5 but then I don't have to take another $300 out of my checking, wait for the fund to hit, then call, and then wait for a check or bank transfer. Is there any downside to that?

1

t-poke t1_iyb8e2x wrote

The downside is you’re pissing away 5 bucks for no reason.

2

Werewolfdad t1_iyb8eqj wrote

> One question. What is the downside to just making the minimum payment which is $25 with $4.54 interest? I mean I lose $5 but then I don't have to take another $300 out of my checking, wait for the fund to hit, then call, and then wait for a check or bank transfer. Is there any downside to that?

You lose your grace period and pay $5 in interest. You could just spend money on the apple card you'd spend on other cards to bring it back to $0

1

aholeinthewor1d OP t1_iyb8qte wrote

Just trying to get a better understanding of all the options. I'm still not sure if there are any other downsides other than wasting $5? Does it hurt anything with my card or credit since I only made a min payment and had to pay interest? Sorry if these are dumb questions I never really got into credit cards much

0

Werewolfdad t1_iyb8y7o wrote

> I'm still not sure if there are any other downsides other than wasting $5? Does it hurt anything with my card or credit since I only made a min payment and had to pay interest?

Nope, other than $5 and the loss of the grace period temporarily

1